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Swedish crypto asset manager Virtune launched Europe’s first stablecoin index ETP on Nov. 5, giving investors regulated exposure to blockchain networks that power the $306 billion stablecoin market through holdings in Ethereum, Solana, and XRP.
Announced on Nov. 5, the Stablecoin Index ETP trading under the Bloomberg ticker STABLE provides investors access to a broad selection of blockchains and crypto assets driving the infrastructure and adoption of stablecoins. The product is being hailed as the first of its kind in Europe.
Available through major European brokers and banks such as Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero, the Stablecoin Index ETP is designed to diversify investors’ exposure to the fast growing stablecoin ecosystem. By tracking an index focused on blockchain networks powering stablecoins, Virtune reduces concentration risk and enables broader participation in the sector’s expansion.
According to Helena Wedin, Head of ETF and ETP Services at European Markets Nasdaq this launch represents a milestone in the evolving digital asset landscape.
“The debut of the Virtune Stablecoin Index highlights the growing momentum within the ETP market and marks a major milestone for investors as well as the wider digital asset ecosystem,” Wedin said.
Virtune’s Stablecoin Index ETP is available to both institutional and retail investors, offering a regulated gateway to participate in the growing role of stablecoins within finance.
Over the past year, stablecoins have witnessed explosive adoption from financial institutions eager to leverage tokenized assets for 24/7 transactions and instant cross border payments. In Europe, this growth has encouraged several major banks to explore launching their own stablecoins.
In September, nine European banks including UniCredit, Banca Sella, DekaBank, and ING revealed plans to issue a MiCA compliant euro-backed stablecoin. Despite this momentum, euro backed stablecoins currently represent only a small slice of the $306 billion global stablecoin market, with Circle’s EURC, STASIS EURO, and EUR CoinVertible among the leaders according to CoinGecko data.
The Stablecoin Index ETP aims to capture value from the rapid growth of the global stablecoin market. While the product itself does not hold stablecoins directly, it is designed to benefit from the increasing demand for the underlying blockchain infrastructure supporting them including payments, banking, and digital commerce applications.
According to Virtune’s official press release, the Stablecoin Index ETP is 100% physically backed by crypto assets securely stored with Coinbase in cold storage. The product will be rebalanced quarterly as it carries a 1.95% annual management fee and supports trades in SEK and EUR.
As of Nov. 4, allocations within the Stablecoin Index ETP include:
Through this structure, Virtune’s Stablecoin Index ETP positions itself as a pioneering product bridging traditional finance and blockchain innovation offering investors a balanced, transparent, and regulated means of gaining exposure to the rapidly expanding stablecoin market.
